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Sustained high primary surplus targets the 'downside' of the Eurogroup's decision, Mitsotakis says

Sustained high primary surplus targets the 'downside' of the Eurogroup's decision, Mitsotakis says

The challenge for the next Greek government will be to convince the country's creditors to give it greater fiscal "breathing space", main op...

Eurogroup's full statement on Greece

Eurogroup's full statement on Greece

The Eurogroup on Monday approved the short-term measures for relieving Greek debt recommended by the European Stability Mechanism (ESM) and ...

Greece will not accept IMF demands for more measures, labour deregulation, government spox says

December 05, 2016

Greece will not accept IMF demands for more measures, labour deregulation, government spox says

The Greek government will not back down in the face of the International Monetary Fund (IMF) pressur...

Top-level Greek-Turkish meeting needed on system of guarantees, says UN's Eide

December 05, 2016

Top-level Greek-Turkish meeting needed on system of guarantees, says UN's Eide

U.N.’s Special Adviser on Cyprus Espen Barth Eide said on Friday he strongly favours a top-level mee...

PM Tsipras meets Raúl Castro, other Latin American leaders during visit to Cuba

December 01, 2016

PM Tsipras meets Raúl Castro, other Latin American leaders during visit to Cuba

Prime Minister Alexis Tsipras met and held talks with Cuba's President Raúl Castro during his visit ...

POLITICS

Regling says debt relief measures to lower it by 20 pct of GDP; Dijsselbloem says review may not finish in 2016

06-12-2016 No comments

The short-term measures taken by the Eurogroup on Greek debt relief on Monday are expected to lower it by 20 percent of the country’s GDP by 2060, the Managing Director of the European Stability Mechanism, Klaus Regling, said during a press conference in Brussels.

Tsakalotos: Good development that short-term measures on debt will be implemented now

06-12-2016 No comments

The short-term measures on debt relief for Greece will be implemented immediately and are more ambitious than initially expected, Finance Minister Euclid Tsakalotos said on Monday after the end of the Eurogroup meeting in Brussels.

EU Commissioner Moscovici expects significant progress on all issues

06-12-2016 No comments

Significant progress towards the conclusion of the second programme review, the short-term measures on debt and the possible IMF participation to the Greek programme are expected at today's Eurogroup, European Commissioner for Financial Affairs Pierre Moscovici said.

Kotzias, Steinmeier call on Turkey to stop 'playing games with the Lausanne Treaty'

05-12-2016 No comments

Greek and German Foreign Ministers Nikos Kotzias and Frank-Walter Steinmeier late on Sunday sent a message to Turkey to stop playing games with the Treaty of Lausanne.

ECONOMY

Greek stocks end flat

07-12-2016 No comments

Greek stocks ended slightly higher in the Athens Stock Exchange on Tuesday as the market tried to assess the Eurogroup’s decisions on Greece and the impact of short-term measures on debt relief. The composite index of the market rose 0.36 pct to end at 622.52 points, off the day’s highs of 1.01 pct. The Large Cap index ended 0.20 pct higher and the Mid Cap index rose 0.02 pct. Turnover was a low 50.271 million euros in volume of 114,318,430 shares.

Greek ad market to fall further in 2016

07-12-2016 No comments

The Greek ad market fell in 2015, a survey by IBHS SA said. Alexis Nikolaidis, Economic Research & Sectorial Studies Senior Analyst, said: "2015 was marked by political and economic instability caused by two elections, a prolonged negotiation with creditors, a bank holiday and the imposition of capital controls in July. These negative conditions created a climate of uncertainty, bringing ad spending back to lower levels, with an annual decline of 8.0 pct".

New funds worth 2.0 bln euros to be channeled to real economy in December

06-12-2016 No comments

Greek Economy and Develoment Alternate Minister Alexis Charitsis on Tuesday approved the inclusion of two new funding tools to a Public Investment Program, worth 1.5 billion euros to be covered by public and private funds.

Greek stocks end 1.03 pct higher

06-12-2016 No comments

Greek stocks ended higher in the first trading session of the week in the Athens Stock Exchange on Monday, following an upward trend prevailing in other European markets which seemingly ignored a “No” victory in an Italian poll on Sunday. The composite index of the market rose 1.03 pct to end at 620.29 points, off the day’s highs of 626.14 points. The Large Cap index rose 0.81 pct and the Mid Cap index ended 1.48 pct higher. Turnover was a low 60.573 million euros in volume of 119,817,337 shares.

SOCIETY

Greek teens test poorly in OECD's PISA student assessment

07-12-2016 No comments

Greece's 15-year-olds did poorly in the latest round of international student assessment programme (PISA) tests given by the Organisation for Economic Cooperation and Development (OECD), ranking 43rd among 72 countries in key categories and slipping in relation to previous years. The results of the PISA tests, conducted every three years, were released on Tuesday.

New twist in case of eight Turkish army officers after Greek justices agree to extradition

07-12-2016 No comments

In a surprise reversal of their earlier decision, Greek justices on Tuesday decided to accept Turkey's request for the extradition of a group of Turkish army officers that fled to Greece after a failed coup against the country's president, Recep Tayyip Erdogan, and his government.

Prosecutor calls for charges against former management of 'Athina 9.84' municipal radio

06-12-2016 No comments

Public prosecutor Dimitris Asprogerakas on Monday urged the Appeals Justices' Council to indict 15 former management executives of the 'Athina 9.84' municipal radio station on financial mismanagement charges amounting to an estimated 37 million euros. He also suggested that the case file be sent to Parliament, asking it to waive immunity from prosecution for the MP Giorgos Kyritsis in connection with the same case.

Greek courts decline extradition request for three Turkish army officers fleeing failed coup

06-12-2016 No comments

The Greek Appeals Justices' Council on Monday declined the Turkish authorities' request for the extradition of three Turkish army officers that fled to Greece after a failed coup attempting to topple Turkish President Recep Tayyip Erdogan on July 15.